Key Takeaways
With a $350 billion valuation, SpaceX ranks first globally, driven by partnerships with NASA and Starlink’s expanding global footprint.
OpenAI’s valuation has grown by more than tenfold since 2023, reaching $300 billion.
TikTok-parent ByteDance follows next, worth $220 billion with approximately two billion users globally.
Unicorn companies are making a comeback fueled by the generative AI frenzy.
While startup funding experienced a lull after the 2021 bonanza, private companies are now seeing a flood of investment, particularly in AI-driven firms like OpenAI. At the same time, countries such as India and the UK are producing firms with sky-high valuations, reflecting an increasingly global unicorn landscape.
This graphic shows the most valuable unicorn companies in 2025, based on data from Crunchbase.
Ranked: The Top 30 Biggest Unicorn Companies
Below, we show the world’s top 30 unicorns by valuation as of July 4, 2025:
Rank Company Valuation (B) Country
1 SpaceX $350 🇺🇸 United States
2 OpenAI $300 🇺🇸 United States
3 ByteDance $220 🇨🇳 China
4 Ant Group $150 🇨🇳 China
5 Reliance Retail $100 🇮🇳 India
6 xAI $70 🇺🇸 United States
7 Shein $66 🇨🇳 China
8 Stripe $65 🇺🇸 United States
9 Databricks $62 🇺🇸 United States
10 Anthropic $62 🇺🇸 United States
Showing 1 to 10 of 30 entries
‹123›
Texas-based SpaceX is expected to see $15.5 billion in revenue in 2025, according to a founder Elon Musk.
Driving the majority of revenue is its satellite business Starlink, which includes clients such as United Airlines, Deere, and the U.S. government. This year, Starlink is estimated to bring in $12.3 billion in revenue while NASA is set to drive $1.1 billion in space exploration contracts.
OpenAI ranks second globally with a $300 billion valuation. So far in 2025, it has reportedly doubled its annualized revenue to $12 billion, driven by its global user base of 700 million weekly active users.
With a $220 billion valuation, TikTok-parent ByteDance follows next. This year, the company expects revenue to grow 20% to $186 billion, hovering close to Meta’s projected $187 billion revenue estimates in 2025.
Credit: Visual Capitalist.com
